Global Economy
Adani reduces power supply to Bangladesh by half over payment backlog
Since July, Adani has been charging more than in the previous months, Bangladesh says
US economic growth solid despite slight slowdown
The US economy saw resilient growth in the third quarter despite a modest slowdown according to government data Wednesday, less than a week before inflation-weary voters head into the presidential election.
Anti-Money Laundering / US secret service to train Bangladeshi agencies
60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training
Economy is making a turnaround: finance adviser
Business leaders appreciate the steps taken for the domestic industry
China factory output expands for first time in six months
In October, China's Purchasing Managers' Index (PMI) -- a key measure of industrial output -- was 50.1, the National Bureau of Statistics (NBS) announced, up from 49.8 in September.
Samsung Q3 operating profits soar to $6.6 bn, miss forecast
The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
Slow growth, high debt taking heavy toll on developing nations: UN
Poorer nations are increasingly struggling to navigate the sluggish global economy, the UN warned on Tuesday, calling for a fundamental rethinking of development strategies.
China files complaint over EU’s new taxes on its EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars.
EU discussing Russian oil price cap at $60/barrel
Representatives of European Union governments were discussing on Thursday a price cap on Russian seaborne oil at $60 per barrel, with a review every two months, yielding to pressure from some countries to lower the cap, diplomats said.
Remittances to lower income countries ease in 2022: WB
Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, the World Bank said Wednesday.
India’s second-quarter GDP growth slows to 6.3pc on higher prices
India posted an economic growth of 6.3 per cent in its July-September quarter, far slower than the 13.5 per cent growth reported in the previous three months as distortions caused by Covid-19 lockdowns faded in Asia’s third-largest economy.
Eurozone inflation falls for first time in 17 months
The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10 per cent, official data showed Wednesday.
US economy rose 2.9pc in Q3
The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting upward revisions to retail spending and some forms of investment.
Unemployment rate in 4pc range is healthy: Yellen
US Treasury Secretary Janet Yellen said on Wednesday that she was not sure what an acceptable unemployment rate is for the current
Oil up more than $2 on tighter supply
Oil prices rose by more than $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
India eyes bumper wheat harvest in 2023
India is expected to harvest a bumper wheat crop in 2023 as high domestic prices and replenished soil moisture help farmers surpass last year’s planting, while an intense heatwave cut output this year.
China’s export tax refund and exemption reach 1.64tr yuan
China’s tax department continuously accelerated the export tax refund this year, offering powerful support for the steady growth of foreign trade, Securities Times reported.
German inflation slows to 10pc
The inflation rate in Europe’s top economy dropped to 10 per cent for November, preliminary data from Germany’s federal statistics agency Destatis showed. This comes after hitting a record high in October.